Self Employed short 31 - Total balancing charges

When you sell an item on which you have claimed capital allowances, deduct the amount you received for it (the sale proceeds) up to the cost of the item from the pool value brought forward or cost. Likewise, if you give away or no longer use an item for business purposes, deduct the current market value of the item (up to its original cost) from the pool value or cost. If the sale proceeds or the market value of the item is more than the unrelieved balance in the pool value, the difference is called a 'balancing charge' and is taxable. Enter the total of any balancing charges.